Hi pankaj, I invest Rs. 1000/- each in DSP BR Top 100 REG D, HDFC Top 200 & Reliance GOLD ETF. Are these investments tax free?? I'm salaried. Thanks! Devdatt P. Kulkarni asked Aug 24 '11 at 13:02 by KDevdatt 1●1●1 |
There is no tax exemption on investment for these funds. But there won't be any income tax on gains earned from equities based funds, if they are sold after a year. Please note that reliance gold ETF is not a equity based fund, so gains would be taxed as per ongoing tax laws. Currently there is 20% income tax on gains after indexation benefit. answered Aug 24 '11 at 22:02 by Pankaj Batra 5.2k●3●20 |